HOUSTON, Dec. 21, 2018 /PRNewswire/ -- On December 19, 2018 Pledge Petroleum Corp (OTCQB: PROP) entered into an agreement with Renewable Technology Solutions ("RTS"), pursuant to which it acquired, subject to the terms of the agreement, 100% of the outstanding capital stock of RTS and RTS became its wholly owned subsidiary. RTS will now become the focus of the company going forward.

RTS operates in the renewable energy space and expects to cater to the vast unmet market for renewable diesel. RTS plans to acquire cutting edge, infinitely scalable, patented technology that generates continuous, 100% sustainable, clean energy. RTS intends to be the largest producer of renewable, sustainable and economical "green" diesel, that is expected to provide RTS with key market advantages, and is on the forefront of the race to reduce CO2 emissions. With the Paris Accord, and the growing public awareness of the effects of climate change, there is a global push for clean, renewable energy and RTS is uniquely positioned to profit from this shift.

RTS has entered into an agreement to purchase a 28 acre-site, representing a significant step in building its initial renewable diesel facility. The facility, which should be built within the next year, subject to RTS obtaining funding, is ultimately estimated to produce 52M gallons of renewable diesel annually and is projected to produce significant recurring revenue from both renewable diesel and high quality biochar over the twenty-year lifespan of the facility. In addition, the unique nature of the RTS production process, coupled with the low Carbon Intensity ("CI"), or life-cycle, of the resulting renewable diesel, qualifies RTS for three separate incentive credits with substantial revenue potential, resulting in a total of five distinct revenue streams. Favorable letters of intent are in place for product off-takes, as well as for the biomass feedstock utilized for production.

John A. Zotos and John W. Huemoeller will remain board members, with Mr. Huemoeller remaining as Chairman of the Board. Christopher L. Headrick, a co- founder of RTS and an existing board member of Pledge, will now become the Chief Executive Officer of Pledge and retain his position on the board. Mr. Headrick has a long and successful history of more than thirty years of business development success in real estate development, TV and digital media, and the energy industry. Along with building the foundation of RTS, he currently operates a private consultancy that specializes in developing opportunities in renewable and sustainable energy.

"More than a half trillion dollars has been invested in renewable energy globally in the last two years, making this one of the fastest growing market sectors today. With initial agreements in place, the favorable economics of the production process we intend to acquire, the virtually unlimited demand for our unique products, and the significant contribution that our products make to a cleaner environment, we believe the future is very bright at RTS," CEO, Christopher L. Headrick commented. "In addition, the initial renewable diesel facility that we intend to build is projected to make significant contributions to our bottom line, and is the first chapter in our strategic plan to continually and relentlessly build value for our shareholders."

Safe Harbor Statement

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, forward-looking statements can be identified by terminology such as "may," "should," "potential," "continue," "expects," "anticipates," "intends," "plans," "believes," "estimates," and similar expressions, include statements regarding expectations of a vast unmet market for renewable diesel, acquiring patented technology, becoming a producer of a renewable, sustainable and economical "green" diesel that is expected to provide RTS with key market advantages, building the facility within the next year, producing 52M gallons of renewable diesel annually, producing significant recurring revenue from both renewable diesel and high quality biochar and the future being very bright at RTS. These forward-looking statements are based on management's expectations and assumptions as of the date of this press release and are subject to a number of risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, our ability to acquire the patented technology, our ability to become a producer of a renewable, sustainable and economical "green" diesel that provides key market advantages, our ability to build the facility within the next year, our ability to produce 52M gallons of renewable diesel annually, our ability to produce significant recurring revenue from both renewable diesel and high quality biochar, our ability to build value for our shareholders and the other factors discussed in our Annual Report on Form 10-K and our subsequent filings with the SEC, including subsequent periodic reports on Forms 10-Q and 8-K. The information in this release is provided only as of the date of this release, and we undertake no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.

]]>Propell Announces Implementation of a 15 Well Treatment Program for Pemex in Mexicohttps://ir.stockpr.com/pledgepcorp/news/detail/646/propell-announces-implementation-of-a-15-well-treatment-program-for-pemex-in-mexico
Wed, 10 Aug 2016 08:02:00 -0400https://ir.stockpr.com/pledgepcorp/news/detail/646/propell-announces-implementation-of-a-15-well-treatment-program-for-pemex-in-mexicoExpects Contract to Net $375,000 of Revenue Through December 2016

HOUSTON, TX -- (Marketwired) -- 08/10/16 --
Propell Technologies Group (OTCQB: PROP) (the "Company"), a U.S. provider of enhanced oil recovery technology, announced today that it will begin a program to treat 15 wells for Pemex, Mexico's state-owned petroleum company (Petróleos Mexicanos) through the Company's partner in Mexico, Pozotech/Grupo Industrial RJP.

The Company intends to use its proprietary 3.5 inch, Gen 2 Plasma Pulse (PPT) tools to treat the 15 wells and expects to commence treatment of the first well in late August with the program running through December 2016.

Propell CEO C. Brian Boutte stated, "We're excited to move forward with Pemex and have recently completed maintenance and operational training on the Gen 2 tools for the engineering personnel of Pozotech/Grupo Industrial RJP." He added, "We expect that this initial well treatment program should net approximately $375,000 for the Company."

ABOUT PROPELL TECHNOLOGIES

Propell Technologies Group, Inc. (OTCQB: PROP) is an oil exploitation and production acquisition company which intends to build and grow a base of producing assets by leveraging M&A and operational expertise, and by using advanced technology, including the Plasma Pulse technology. Its plan is to further benefit from a corresponding development of untapped hydrocarbon reserves once oil supply/demand rebalances and prices rebound. http://propell.com/

SAFE HARBOR

This press release contains forward-looking statements of our current expectations and projections about future events within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases forward-looking statements can be identified by terminology such as "may," "should," "potential," "continue," "expects," "anticipates," "intends," "plans," "believes," and similar expressions. These statements are based upon current beliefs, expectations and assumptions and are subject to a number of risks and uncertainties, many of which are difficult to predict and include statements regarding commencing treatments of the first well with Gen2 PPT tools in August 2016, the program running through December 2016, netting $25,000/well for a total of $375,000, our intent to build and grow a base of producing assets by leveraging M&A and operational expertise, and by using advanced technology, including a Plasma Pulse well treatment and our plan to further benefit from a corresponding development of untapped hydrocarbon reserves once oil supply/demand rebalances and prices rebound.. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from those reflected in our forward-looking statements include, among others, our ability to commence and continue the test program for Pemex as scheduled, our ability to net $25,000 for each treated well and $375,000 through December 2016 in total, our ability to find and complete suitable acquisitions, our ability to successfully benefit from an oil supply/demand price rebound and the timing of any price rebalances and the other factors described in our Form 10-K for the year ended December 31, 2015, and our other filings with the SEC, including subsequent periodic reports on Forms 10-Q and 8-K. The information in this press release is provided only as of the date written, and we undertake no obligation to update any forward-looking statements contained in this press release on account of new information, future events, or otherwise, except as required by law.

HOUSTON, TX -- (Marketwired) -- 04/04/16 --
Propell Technologies Group (OTCQB: PROP) (the "Company"), U.S. provider of a plasma pulse based enhanced oil recovery technology, has treated an important test well in Oklahoma and has accepted the first commercial delivery of 7 next generation tools. The delivery follows the order placed with the U.S. based manufacturer announced in June 2015.

Improvements include a 3.5" tool diameter that will fit most 4.5" diameter cased wells, real time surface readout capability, a down hole plasma pulse detection sensor, a more powerful output pulse, low erosion electrodes, a faster pulse delivery mechanism and full compatibility with single wireline cable configurations which comprise the bulk of the US cased hole wireline service truck fleet.

The test treatment occurred in an Oklahoma oil well, delivering nearly 800 plasma impulses consistently on a single deployment into the well. "This commercial delivery completes a 2-year effort to create a lighter, easier to use and more powerful plasma pulse tool," commented CEO C. Brian Boutte. "We're excited about the expanded capacity this tool is expected to provide our commercial sales efforts."

ABOUT PROPELL TECHNOLOGIES

Propell Technologies Group, Inc. (OTCQB: PROP) is an oil exploitation and production acquisition company which intends to build and grow a base of producing assets by leveraging M&A and operational expertise, and by using advanced technology, including a Plasma Pulse well treatment which uses no acidization, hydrofracking or other chemicals. Its plan is to further benefit from a corresponding development of untapped hydrocarbon reserves once oil supply/demand rebalances and prices rebound. www.propell.com

SAFE HARBOR

This press release contains forward-looking statements of our current expectations and projections about future events within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases forward-looking statements can be identified by terminology such as "may," "should," "potential," "continue," "expects," "anticipates," "intends," "plans," "believes," and similar expressions. These statements are based upon current beliefs, expectations and assumptions and are subject to a number of risks and uncertainties, many of which are difficult to predict and include statements regarding the . intended benefits of the tool enhancements, the expanded capacity the tool is expected to provide our commercial sales efforts, Propell's intent to build and grow a base of producing assets by leveraging M&A and operational expertise, and by using advanced technology, including a Plasma Pulse well treatment and Propell's plan to further benefit from a corresponding development of untapped hydrocarbon reserves once oil supply/demand rebalances and prices rebound.. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from those reflected in our forward-looking statements include, among others, Propell's ability to find suitable acquisitions, Propell's ability to successfully utilize the enhancements to provide expanded capacity and lead to an increase in customers and the other factors described in our Form 10-K for the year ended December 31, 2015, and Propell's other filings with the SEC, including subsequent periodic reports on Forms 10-Q and 8-K. The information in this press release is provided only as of the date written, and Propell undertakes no obligation to update any forward-looking statements contained in this press release on account of new information, future events, or otherwise, except as required by law.

Mr. Ramsey has extensive experience in the oil and gas industry. From July 2014 to February 2016, Mr. Ramsey served as Operations Manager of Tecpetrol International S.A. From 2011 until 2014, he served as Senior Production Engineer/ Engineering Manager at SK E&P.

Prior to his employment at SK E&P Company, from 2009 until 2011, Mr. Ramsey served in various roles at Dune Energy Inc., including Engineering Manager and Senior Production Engineer, and prior to his employment at Dune Energy, Mr. Ramsey served in various positions at Cabot Oil and Gas Corp.

Propell Technologies, Inc. (OTCQB: PROP) is an oil exploitation and production acquisition company which intends to build and grow a base of producing assets by leveraging M&A and operational expertise, and by using advanced technology including a Plasma Pulse well treatment which uses no acidization, hydrofracking or other chemicals. Its plan is to further benefit from a corresponding development of untapped hydrocarbon reserves once oil supply/demand rebalances and prices rebound. www.propell.com

SAFE HARBOR

This press release includes forward-looking statements of our current expectations and projections about future events. In some cases forward-looking statements can be identified by terminology such as "may," "should," "potential," "continue," "expects," "anticipates," "intends," "plans," "believes," and similar expressions. These statements are based upon current beliefs, expectations and assumptions and are subject to a number of risks and uncertainties, many of which are difficult to predict and include statements regarding the opportunities expected to acquire and grow undervalued producing assets and the contribution expected to be made by Mr. Boutte. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from those reflected in our forward-looking statements include, among others, our ability to find suitable acquisitions, fuel our growth for shareholders and the other factors described in our Form 10-K for the year ended December 31, 2014, and our other filings we have made or may make with the SEC. The information in this press release is provided only as of the date written, and we undertake no obligation to update any forward-looking statements contained in this press release on account of new information, future events, or otherwise, except as required by law.

HOUSTON, TX -- (Marketwired) -- 02/17/16 --
Propell Technologies Group, Inc. (OTCQB: PROP) (the "Company"), an oil exploitation and production acquisition company with a proprietary Plasma Pulse well treatment, will be presenting at the SeeThruEquity & The Brewer Group 2nd Annual Innovations Investor Conference at the Ritz-Carlton in Miami on South Beach on Monday, February 22, 2016.

C. Brian Boutte, Propell's new CEO, will be presenting at 10am and will be having one-on-one meetings during the conference.

"We're pleased to be the only oil/gas related company presenting at SeeThru in Miami this year," stated Boutte. "It reflects our confidence that our plan to capitalize on low oil will be attractive to growth investors."

Propell Technologies, Inc. (OTCQB: PROP) is an oil exploration and production (E&P) acquisition company which intends to build and grow a base of producing assets by leveraging M&A and operational expertise, and by using advanced technology including a Plasma Pulse well treatment which uses no acidization, hydrofracking or other chemicals. Its plan is to further benefit from a corresponding development of untapped hydrocarbon reserves once oil supply/demand rebalances and prices rebound. www.propell.com

About SeeThruEquity

Since the company's founding in 2011, SeeThruEquity (STE) has been committed to its core mission: providing impactful, high quality research on uncovered and undercovered microcap stocks and hosting investor conferences throughout the year. STE has been able to grow its research universe to over 176 names.

STE conferences are the ultimate event for publicly traded companies with less than $1 billion in market capitalization because it augments the conference experience with the firm's research which is part of Wall Street consensus and available across industry leading platforms including Thomson First Call, FactSet, S&P CapitalIQ, Yahoo! Finance and Bloomberg to name a select few. STE has hosted 20 investor conferences which have showcased over 350 companies, attracted over 4500 attendees and have included over 1,700 1-on-1 meetings. For more information please visit www.steconference.com.

SAFE HARBOR

This investor update includes forward-looking statements of our current expectations and projections about future events. In some cases forward-looking statements can be identified by terminology such as "may," "should," "potential," "continue," "expects," "anticipates," "intends," "plans," "believes," and similar expressions. These statements are based upon current beliefs, expectations and assumptions and are subject to a number of risks and uncertainties, many of which are difficult to predict and include statements regarding the transformative changes we expect this year, the opportunities available to acquire and operate quality undervalued assets at low prices, our ability to optimize our assets value through increased production and proved reserve volumes from operational efficiencies, plasma pulse applications, drilling/workover programs, prudent capital allocation and general cost cutting, our ability to close an acquisition expeditiously with greater value for lower costs, and our ability to use our technical and operational skills to achieve higher profits and a greater return on capital, leverage our balance sheet to establish superior technical and operational capabilities and otherwise achieve our second quarter objectives. These forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from those reflected in our forward-looking statements include, among others, our ability to effect the transformative changes we expect this year, find suitable acquisitions, optimize our assets through increased production and proved reserve volumes from operational efficiencies, plasma pulse applications, drilling/workover programs, prudent capital allocation and general cost cutting, use our technical and operational skills to achieve higher profits, leverage our balance sheet to establish superior technical and operational capabilities and the other factors described in our Form 10-K for the year ended December 31, 2014, and our other filings we have made or may make with the SEC. The information in this press release is provided only as of the date written, and we undertake no obligation to update any forward-looking statements contained in this press release on account of new information, future events, or otherwise, except as required by law.

I am very pleased to take the opportunity in this letter to introduce myself as your new CEO, to discuss recent developments at Propell and communicate our strategy to grow shareholder value going forward.

This year we expect will bring transformative changes to our Company, both on the corporate and strategic front.

The most significant is our plan to enter the exploration and production (E&P) business, acquire producing assets and leverage Propell's patented plasma pulse technology to improve production.

The board of directors and I believe the current transitional period in petroleum E&P provides exceptional opportunities to apply our M&A and operational expertise to acquire and operate quality assets at low prices. We expect to

1. acquire and grow distressed, producing assets through superior operational capabilities and efficiencies, and
2. once oil prices strengthen, focus on reserve value creation and asset divestiture to other entities who will pay premiums for reliable and optimized production, such as Master Limited Partnerships (MLPs).

The purpose of this letter is to shed light on how we intend to achieve these strategic objectives, our near term milestones and what we believe to be our unique ability to execute on this plan.

This is the first of a number of periodic updates on our progress and strategy we expect to release over the coming year so that you can be more connected and informed as a valued shareholder.

I also want to recognize and applaud the efforts of my predecessor, John Huemoeller II who oversaw the commercial introduction of Plasma Pulse to the U.S. oil industry, the granting of a U.S. patent to the Company and the achievement of a valuable strategic partnership with Ervington Investments.

Relevant Background

I am a third generation oil and gas professional. The early stages of my own career were technical, underpinned by geology and geophysics. This progressed into several senior management positions spanning more than 37 years of international and domestic E&P, business development and M&A.

Strategic Transition

Now, after a good two years of operational experience with Plasma Pulse, we have a better understanding of its capabilities and through the Novas Energy North America (NENA) joint venture have accelerated the growth of infrastructure required to expand its commercialization and apply it to proprietary assets acquired on favorable terms.

So a logical evolution of the strategy, especially during the current buyers' market, which has been discussed in our prior corporate communications, would be to acquire distressed conventional assets.

Over the years I've learned the key to E&P M&A success is a combination of consistent and reliable capital, rigorous due diligence, expeditious closing ability and superior execution.

Our largest shareholder provides us with capital access, rare for many independent oil companies of our current stage and size. Such reliability of capital should allow us to secure assets at more favorable terms and achieve greater margins, especially important in the current low oil price environment.

We believe the advantage of savvy in originating and performing due diligence required to close an acquisition expeditiously translates directly into greater value assets for lower costs. The team we intend to create has an unsurpassed track record in closing transactions speedily and on the best possible terms.

In addition, by using this technical and operational advantage to also drive our execution ability to optimize and improve our assets, we expect to achieve higher profits and a greater return on capital.

Initial Strategy in Low Oil Environment: Acquire and Grow Production

In the current low oil price environment, we will seek to acquire distressed untapped inventory in proven hydrocarbon producing areas, balanced against contract/execution risk, reducing cost and mitigating risk through internal financing and possibly further strategic partnering. We intend to leverage our strong balance sheet to establish superior technical and operational capabilities with key E&P hires and organization building.

End of Second Quarter Objectives

We plan to move swiftly to achieve these new objectives

Reshape the Company into an E&P focused entity by initiating a near term acquisition with production.

Use plasma pulse technology as a significant strategic edge over competitors to enhance production as applicable.

Unify company affiliates into one headquarter office location in Houston.

Release a new corporate presentation and investor awareness program that dynamically updates stakeholders about progress on our plan.

Secondary Phase in Higher Oil: Resource Conversion

Oil production and use will eventually reestablish global supply/demand equilibrium.

When it does, and the commodity can regain its footing with higher prices, our strategy will transition to an emphasis on bookable reserve growth and resource conversion driven by acquisition of large, repeatable drilling programs in known hydrocarbon bearing areas and further operational streamlining.

The board of directors and I are enthusiastic about the transformation occurring with Propell should provide significant added shareholder value. In the coming months, I look forward to meeting with shareholders and continuing to provide regular updates.

Sincerely,
C. Brian Boutte

SAFE HARBOR
This investor update includes forward-looking statements of our current expectations and projections about future events. In some cases forward-looking statements can be identified by terminology such as "may," "should," "potential," "continue," "expects," "anticipates," "intends," "plans," "believes," and similar expressions. These statements are based upon current beliefs, expectations and assumptions and are subject to a number of risks and uncertainties, many of which are difficult to predict and include statements regarding the transformative changes we expect this year, the opportunities available to acquire and operate quality undervalued assets at low prices, our ability to optimize our assets value through increased production and proved reserve volumes from operational efficiencies, plasma pulse applications, drilling/workover programs, prudent capital allocation and general cost cutting, our ability to close an acquisition expeditiously with greater value for lower costs, and our ability to use our technical and operational skills to achieve higher profits and a greater return on capital, leverage our balance sheet to establish superior technical and operational capabilities and otherwise achieve our second quarter objectives. These forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from those reflected in our forward-looking statements include, among others, our ability to effect the transformative changes we expect this year, find suitable acquisitions, optimize our assets through increased production and proved reserve volumes from operational efficiencies, plasma pulse applications, drilling/workover programs, prudent capital allocation and general cost cutting, use our technical and operational skills to achieve higher profits, leverage our balance sheet to establish superior technical and operational capabilities and the other factors described in our Form 10-K for the year ended December 31, 2014, and our other filings we have made or may make with the SEC. The information in this press release is provided only as of the date written, and we undertake no obligation to update any forward-looking statements contained in this press release on account of new information, future events, or otherwise, except as required by law.

John Huemoeller II will remain on the board of directors and as a consultant to the company.

Based in Houston, Mr. Boutte has a longstanding record of achievement in exploration and production, new ventures and M&A, having served for 10 years in senior management roles at Hunt Oil and SK E&P Americas.

During his 37 years in E&P, he has completed major oil/gas acquisitions, increased production and asset value and has made significant commercial hydrocarbon discoveries.

"Brian's goal is to opportunistically acquire undervalued assets and maximize production output to achieve value growth," stated Ivan Persiyanov, Investment Director at majority shareholder Ervington Investments. "We are glad to have him leading the Company into the next phase of implementation".

"We believe this time of uncertainty in global E&P presents significant opportunities to profitably acquire and grow producing assets," stated Boutte. "I'm confident my familiarity with the industry landscape combined with Propell's financial capabilities should provide a strong return and accelerate value growth for shareholders. We're pleased to have John staying on as a director and consultant, and we value his achievements in getting Plasma Pulse to its current commercialization stage."

ABOUT PROPELL TECHNOLOGIES GROUP

Propell Technologies Group (http://www.propell.com/), through its joint venture, Novas Energy North America (NEMA) sells and services a patented oil well treatment which is designed to improve well production cost effectively and without acidization, hydrofracking or other chemicals. Plasma Pulse Technology uses impulse waves created by a down-hole plasma arc to clear near well bore damage and restore flow into the shaft and through to the surface.

SAFE HARBOR

This press release includes forward-looking statements of our current expectations and projections about future events. In some cases forward-looking statements can be identified by terminology such as "may," "should," "potential," "continue," "expects," "anticipates," "intends," "plans," "believes," and similar expressions. These statements are based upon current beliefs, expectations and assumptions and are subject to a number of risks and uncertainties, many of which are difficult to predict and include statements regarding the opportunities expected to acquire and grow undervalued producing assets and the contribution expected to be made by Mr. Boutte. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from those reflected in our forward-looking statements include, among others, our ability to find suitable acquisitions, fuel our growth for shareholders and the other factors described in our Form 10-K for the year ended December 31, 2014, and our other filings we have made or may make with the SEC. The information in this press release is provided only as of the date written, and we undertake no obligation to update any forward-looking statements contained in this press release on account of new information, future events, or otherwise, except as required by law.

The results, as documented by the SPE report (SPE-175264-MS) include a sustained increase in production of 85%.

From the report:
Well RA-000A prior to treatment showed a production rate of 196 bopd. After successfully executing the PPT the well was production tested after one month and showed a stabilized production rate of 363 bopd, an increase of 167 bopd, or 85%. In addition to this, immediately after plasma application, nearby well RA-000B, which is 400m away from this well observed 81 psi increase in pump intake pressure.

"In the past we've been prevented from disclosing results due to non-disclosure agreements with operator customers, thus we're pleased to receive such validation from this objective study," commented John Huemoeller II, Propell CEO. "In addition to the incremental production, we are especially excited about the treatment's effect on nearby wells, an effect that we suspected but is now verified and documented."

Sales inquiries may be directed to Plasma Pulse EVP of Sales, Jim McGowin at 281-639-7468 or jmcgowin@novasenergy.ca

ABOUT PROPELL TECHNOLOGIES GROUP
Propell Technologies Group (http://www.propell.com/), through its joint venture, Novas Energy North America (NENA) sells and services a patented oil well treatment which is designed to improve well production cost effectively and without acidization, hydraulic fracking or other chemicals. Plasma Pulse Technology uses impulse waves created by a down-hole plasma arc to clear near well bore damage, improve permeability, and reduce viscosity, thereby enhancing production and recovery.

SAFE HARBOR
This press release includes forward-looking statements of our current expectations and projections about future events. In some cases forward-looking statements can be identified by terminology such as "may," "should," "potential," "continue," "expects," "anticipates," "intends," "plans," "believes," and similar expressions. These statements are based upon current beliefs, expectations and assumptions and are subject to a number of risks and uncertainties, many of which are difficult to predict and include statements regarding the contribution to be made by Mr. Stankievech and the expected results to be derived from NENA and its use of the technology. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from those reflected in our forward-looking statements include, among others, our ability to find suitable acquisitions, fuel our growth and effectively operate the JV and the other factors described in our on Form 10-K for the year ended December 31, 2014, and any other filings we may make with the SEC. The information in this press release is provided only as of the date written, and we undertake no obligation to update any forward-looking statements contained in this press release on account of new information, future events, or otherwise, except as required by law.

]]>Propell Technologies' Plasma Pulse Well Treatment Awarded U.S. Patenthttps://ir.stockpr.com/pledgepcorp/news/detail/639/propell-technologies-plasma-pulse-well-treatment-awarded-u-s-patent
Tue, 03 Nov 2015 08:33:00 -0500https://ir.stockpr.com/pledgepcorp/news/detail/639/propell-technologies-plasma-pulse-well-treatment-awarded-u-s-patentHOUSTON, TX -- (Marketwired) -- 11/03/15 --
Propell Technologies Group, Inc. (OTCQB: PROP) (the "Company"), today announced the issuance to Novas Energy Group Limited, the licensors to the Company of the Plasma Pulse Technology oil well treatment, of a U.S. patent that covers its application in well stimulation.

U.S. Patent number 9,181,788 applies to a PLASMA SOURCE FOR GENERATING NONLINEAR, WIDE-BAND, PERIODIC, DIRECTED, ELASTIC OSCILLATIONS AND A SYSTEM AND METHOD FOR STIMULATING WELLS, DEPOSITS AND BOREHOLES USING THE PLASMA SOURCE.

"This issuance of our first patent provides the Company a claim in connection with the use of Plasma Pulse to treat wells to improve their production." commented CEO John Huemoeller II. "It should further protect and enhance our efforts to expand Plasma Pulse treatments to the North America marketplace through our new up and running sales joint venture, Novas Energy North America (NEMA)."

ABOUT PROPELL TECHNOLOGIES GROUP
Propell Technologies Group (http://www.propell.com/), through its joint venture, Novas Energy North America (NEMA) www.novasenergy.com sells and services a patented oil well treatment, which is designed to improve well production cost effectively and without acidization, hydrofracking or other chemicals. Plasma Pulse Technology uses impulse waves created by a down-hole plasma arc to clear near well bore damage and restore flow into the shaft and through to the surface.

SAFE HARBOR
This press release includes forward-looking statements of our current expectations and projections about future events. In some cases forward-looking statements can be identified by terminology such as "may," "should," "potential," "continue," "expects," "anticipates," "intends," "plans," "believes," and similar expressions. These statements are based upon current beliefs, expectations and assumptions and are subject to a number of risks and uncertainties, many of which are difficult to predict and include statements regarding the expected protection derived from the patent. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from those reflected in our forward-looking statements include, among others, our ability to adequately protect our intellectual property, our ability to find suitable acquisitions, fuel our growth, effectively operate the JV and the other factors described in our on Form 10-K for the year ended December 31, 2014, and any other filings we may make with the SEC. The information in this press release is provided only as of the date written, and we undertake no obligation to update any forward-looking statements contained in this press release on account of new information, future events, or otherwise, except as required by law.

]]>Propell Announces Operational Launch of New Joint Venturehttps://ir.stockpr.com/pledgepcorp/news/detail/638/propell-announces-operational-launch-of-new-joint-venture
Tue, 27 Oct 2015 08:33:00 -0400https://ir.stockpr.com/pledgepcorp/news/detail/638/propell-announces-operational-launch-of-new-joint-ventureWell Treatments Programs Under Way in Both U.S. and Canada

NENA was formed to sell and deliver oil well treatments using Plasma Pulse Technology that had been licensed to Novas for the U.S. and Technovita for Canada.

Technovita is a Calgary, Alberta based oil and gas technology service company with more than 20 North American employees including petroleum engineers, geologists, wireline and well site workover specialists and project managers with business development and commercialization expertise for use of new technologies and the management of large service companies.

NENA will be led by CEO Ken Stankievech with 35+ years experience building an international service company. Management also includes:

Jim McGowin, EVP - 25 years' experience; is based in Houston and will oversee sales and marketing for the JV in the U.S. McGowan was with Baker Hughes in their Down-hole Tools Division.

A. Poustovoit, EVP - 30+ years; Russian and Canadian Geologist, Mr. Poustovoit has led operational development projects for several multi-national oil and gas companies around the world.

Tom Andrews, EVP - 30+ years business development and senior project management including finance and administration in commercializing new technologies

Tom Lagerhausen, CFO - 30+ years finance executive for public and private companies

Steve Patrick, U.S. Operations - 30+ years experience as an oil and gas production owner. Led a prominent oil & gas development and production company in most producing regions in the U.S.

Rob Breakell, Operations Canada - 30+ years wireline and workover service provider for every major oil and gas production company in Canada.

Lee Primeau, 20+ years business development, sales and marketing; is expected to oversee sales and marketing in Canada

"We're pleased to have this joint effort to sell and deliver Plasma Pulse across North America up and running with the first treatments already complete," mentioned John Huemoeller II, Propell CEO. "We're confident the Technovita team will provide significant shareholder value to Propell and we look forward to working with them. "

ABOUT PROPELL TECHNOLOGIES GROUP

Propell Technologies Group (http://www.propell.com/), through its wholly owned subsidiary Novas Energy USA is the exclusive U.S. licensee of the Plasma Pulse enhanced oil recovery (EOR) well treatment designed to improve production cost effectively, without acidization, hydrofracking or other chemicals. Through its joint venture, Novas Energy North America (NENA) Propell intends to develop, sell and deliver the treatment throughout the U.S., Canada and Mexico.

SAFE HARBOR

This press release includes forward-looking statements of our current expectations and projections about future events. In some cases forward-looking statements can be identified by terminology such as "may," "should," "potential," "continue," "expects," "anticipates," "intends," "plans," "believes," and similar expressions. These statements are based upon current beliefs, expectations and assumptions and are subject to a number of risks and uncertainties, many of which are difficult to predict and include statements regarding the contribution to be made by Mr. Stankievech and the expected results to be derived from NENA and its use of the technology. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from those reflected in our forward-looking statements include, among others, our ability to find suitable acquisitions, fuel our growth, effectively operate the JV and integrate the Technovita team into NENA and the other factors described in our on Form 10-K for the year ended December 31, 2014, and any other filings we may make with the SEC. The information in this press release is provided only as of the date written, and we undertake no obligation to update any forward-looking statements contained in this press release on account of new information, future events, or otherwise, except as required by law.

Propell will invest $1.2 million for a 60% joint venture interest and Technovita will invest $800,000 for 40%. The JV will exclusively sublicense rights to the plasma pulse technology licensed by each of Novas and Technovita in the United States and Canada, respectively, from Novas Energy Group Limited.

The JV is intended to provide Propell the following benefits:Access to Technovita's experienced team. Technovita has a team of 14 individuals including a Russian geologist with over 30 years of experience, a nuclear engineer with plasma physics and wave theory expertise, a wireline and workover service provider for over 30 years, as well as individuals experienced with business development and commercialization of new technologies and large service companies.

Creation of a consolidated global brand is expected to expand Propell's geographic reach beyond the United States and into Canada.

Low risk for Propell. In addition to the capital invested by Technovita in the JV, Propell will control the JV's board of directors and possess the right to terminate if certain revenue milestones are not met while retaining certain rights in the United States and Canada.

"This partnership allows us to access Technovita's development, servicing and sales infrastructure, which we expect to expedite U.S. market expansion," commented John Huemoeller II, Propell CEO. "Further, with their Canadian Plasma Pulse license, it provides a centralized sales and service effort to the U.S., and Canada.

Pursuant to the terms of the Joint Venture's operating agreement, if certain milestones are not met, Propell has the right under certain circumstances to in some cases terminate the operating agreement and under other circumstances increase its ownership interest in the Joint Venture.

Propell's Board of Directors has unanimously determined that the Joint Venture and sublicense is in the best interests of Propell and its shareholders. Propell has received approval of the Joint Venture and sublicense from one shareholder that holds in excess of 50% of the outstanding voting securities of Propell. The sublicense and Joint Venture will be effective twenty days after the mailing of the Schedule 14C that Propell filed with the Securities and Exchange Commission today.

The transaction is subject to closing conditions, including the filing of a Schedule 14C with the Securities and Exchange Commission and the passing of the requisite waiting period.

ABOUT PROPELL TECHNOLOGIES GROUP
Propell Technologies Group, Inc. (http://www.propell.com/), through its wholly owned subsidiary Novas Energy USA, is the exclusive U.S. licensee of the Plasma Pulse enhanced oil recovery (EOR) well treatment that improves well production cost effectively and without acidization, hydrofracking or other chemicals. It develops and commercializes treatment and stimulation of oil wells to meaningfully improve production and enhance the recovery of oil and gas in existing wells.

SAFE HARBOR
This press release includes forward-looking statements of our current expectations and projections about future events. In some cases forward-looking statements can be identified by terminology such as "may," "should," "potential," "continue," "expects," "anticipates," "intends," "plans," "believes," and similar expressions. These statements are based upon current beliefs, expectations and assumptions and are subject to a number of risks and uncertainties, many of which are difficult to predict and include statements regarding future acquisitions, corporate growth strategy, future application of our technology, and results to be derived from the use of that technology. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from those reflected in our forward-looking statements include, among others, our ability to find suitable acquisitions, fuel our growth and the other factors described in our on Form 10-K for the year ended December 31, 2014, and any other filings we may make with the SEC. The information in this press release is provided only as of the date written, and we undertake no obligation to update any forward-looking statements contained in this press release on account of new information, future events, or otherwise, except as required by law.

Caution With Respect To Forward-Looking Statements
The information in this news release includes certain "forward-looking statements". All statements in this news release, other than statements of historical fact, including, without limitation, the benefits to be derived from the Joint Venture. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements.

Important factors that could cause actual results to differ materially from statements in this news release regarding our intentions include, without limitation, risks and uncertainties regarding the ability of the Joint Venture to successfully implement its business strategy: and other risks and uncertainties disclosed in the section entitled "Risk Factors" contained in our Annual Report on Form 10-K for the year ended December 31, 20143. Investors are cautioned that forward-looking statements are not guarantees of future performance and, accordingly, investors should not put undue reliance on forward-looking statements. Any forward-looking statement made by us in this news release is based only on information currently available to us and speaks only as of the date on which it is made.

Additional Information and Where to Find It

SHAREHOLDERS ARE ADVISED TO READ THE SCHEDULE 14C that was filed with the Securities and Exchange Commission on July 28, 2015 and the operating agreement and sublicense included as exhibits to the Schedule 14C.

HOUSTON, TX -- (Marketwired) -- 07/08/15 --
Propell Technologies Group (OTCQB: PROP) (the "Company"), the U.S. provider of a plasma pulse based enhanced oil recovery technology, today announces it has received an additional investment of $9.75 million from Ervington Investments Limited.

On February 19, 2015, the Company raised $5,000,000 from the sale of 1,525,424 shares of its Series C Preferred Stock ("Series C Preferred") at a purchase price of $3.28 per share.

Ervington Investments also received an option to invest an additional $9,750,000 in consideration of the issuance of an additional 2,974,576 shares of Series C Preferred. On July 6, 2015, Ervington exercised its option and closed the second and final tranche of financing.

Capital from the transaction will be used by Propell to pursue a growth and value creation strategy of acquiring domestic active oil-producing assets for secondary oil recovery that are ideally positioned to benefit from Propell's patent-pending plasma pulse enhanced oil recovery technology. Propell expects to aggressively pursue the acquisition of oil properties.

Propell intends to apply its environmental friendly technology to fields the Company acquires and redevelops onshore in the U.S., and also provide its Plasma Pulse as a service to third party E&P companies.

Mr. Huemoeller, President and CEO of Propell, said, "This investment provides Propell with immediate access to the resources necessary to continue to execute on our growth strategy. These resources include the funds needed to acquire oil-producing assets that we expect will benefit from the implementation of our proprietary plasma pulse technology to increase the recovery of oil that has already been discovered in a typical reservoir that is unrecoverable using conventional technology. "

ABOUT PROPELL TECHNOLOGIES GROUP

Propell Technologies Group, Inc. (http://www.propell.com/), through its wholly owned subsidiary Novas Energy USA, is the exclusive U.S licensee of the Plasma Pulse enhanced oil recovery (EOR) well treatment that improves well production cost effectively and without acidization, hydrofracking or other chemicals. It develops and commercializes treatment and stimulation of oil wells to meaningfully improve production and enhance the recovery of oil and gas in existing wells.

SAFE HARBOR

This press release includes forward-looking statements of our current expectations and projections about future events. In some cases forward-looking statements can be identified by terminology such as "may," "should," "potential," "continue," "expects," "anticipates," "intends," "plans," "believes," and similar expressions. These statements are based upon current beliefs, expectations and assumptions and are subject to a number of risks and uncertainties, many of which are difficult to predict and include statements regarding future acquisitions, corporate growth strategy, future application of our technology, and results to be derived from the use of that technology. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from those reflected in our forward-looking statements include, among others, our ability to find suitable acquisitions, fuel our growth and the other factors described in our on Form 10-K for the year ended December 31, 2014, and any other filings we may make with the SEC. The information in this press release is provided only as of the date written, and we undertake no obligation to update any forward-looking statements contained in this press release on account of new information, future events, or otherwise, except as required by law.

Propell Technologies Group (OTCQB: PROP) (the "Company") the U.S. provider of a plasma pulse based well treatment has completed field testing of its new, U.S. made wireline applied tool and has ordered its first commercial shipment of seven tools.

Improvements include a topside power supply that allows a smaller footprint inside wireline trucks, a more narrow 3.5” diameter that will fit 4.5” diameter wells and the tool is compatible with single wireline configurations which comprise the bulk of the US wireline truck fleet.

The streamlined operator interface is intended to allow for much greater ease of use allowing for lower treatment costs and greater profitability.

The Company expects the final shipment to occur in fourth quarter of 2015.

“After a period of testing and optimization, our technical team emerged with a tool that is lighter, easier to operate and more powerful,” commented John Huemoeller. “This is an important step in meeting the demand that we see for Plasma Pulse.”

ABOUT PROPELL TECHNOLOGIES GROUP Propell Technologies Group, Inc. (http://www.propell.com/), through its wholly owned subsidiary Novas Energy USA, is the exclusive U.S licensee of the Plasma Pulse enhanced oil recovery (EOR) well treatment that improves well production cost effectively and without acidization, hydrofracking or other chemicals. It develops and commercializes treatment and stimulation of oil wells to meaningfully improve production and enhance the recovery of oil and gas in existing wells.

SAFE HARBOR This press release includes forward-looking statements of our current expectations and projections about future events. In some cases forward-looking statements can be identified by terminology such as "may," "should," "potential," "continue," "expects," "anticipates," "intends," "plans," "believes," and similar expressions. These statements are based upon current beliefs, expectations and assumptions and are subject to a number of risks and uncertainties, many of which are difficult to predict and include statements regarding future financings, accelerating our commercial rollout, our growth and the potential for our technology. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from those reflected in our forward-looking statements and other factors described in our on Form 10-K for the year ended December 31, 2014, and any other filings we may make with the SEC. The information in this press release is provided only as of the date written, and we undertake no obligation to update any forward-looking statements contained in this press release on account of new information, future events, or otherwise, except as required by law.

Propell Technologies Group, Inc (OTCQB:PROP) the U.S. and Mexico provider of a plasma pulse based well treatment today announced treatment of its first oil well in Mexico for Petroleos Mexicanos (PEMEX).

This treatment was the culmination of a Unilateral Proposal by Novas Energy USA and its Joint Venture partner, Grupo Industrial RJP, SA de CV (Grupo Industrial) to treat certain Pemex operated wells as part of a strategic alliance to market and sell Plasma Pulse oil recovery treatments in the United Mexican States.

The first treatment met all safety guidelines and was completed on schedule without incident.

The Company expects to receive results from the operator at which time it will be decided how to expand the program.

Mexico is the 7th largest oil producing nation in the world.

Mexican law requires that Pemex conduct business on its wells with approved vendors. The composition of these partnerships must include a percentage of Mexican ownership.

“We are looking forward to providing the technology necessary to enhance oil production in Mexico”, commented Pablo Avila Sanchez, General Director for Grupo Industrial. “ Our company has the disciplined approach necessary to execute a treatment plan and provide measurable results to PEMEX.”

John A. Zotos, Director of Business Development for Propell Technologies in Mexico states “We could not be more pleased to partner with Grupo Industrial and become a part of the historic Energy Reform in Mexico. The opportunity to introduce Plasma Pulse technology to PEMEX, Mexico’s sole producer of crude oil and natural gas is a high honor.”

“Mexico is the third largest producer of oil in the Western Hemisphere and a place where we offer strong competitive value,” commented John Huemoeller II, Propell president and CEO. “We have every confidence in Grupo Industrial and its management to be a great partner as we roll out the treatment business in the region.”

ABOUT PROPELL TECHNOLOGIES GROUP Propell Technologies Group, Inc. (http://www.propell.com/), through its wholly owned subsidiary Novas Energy USA, is the exclusive U.S licensee of the Plasma Pulse enhanced oil recovery (EOR) well treatment that improves well production cost effectively and without acidization, hydrofracking or other chemicals. It develops and commercializes treatment and stimulation of oil wells to meaningfully improve production and enhance the recovery of oil and gas in existing wells.

SAFE HARBOR This press release includes forward-looking statements of our current expectations and projections about future events. In some cases forward-looking statements can be identified by terminology such as "may," "should," "potential," "continue," "expects," "anticipates," "intends," "plans," "believes," and similar expressions. These statements are based upon current beliefs, expectations and assumptions and are subject to a number of risks and uncertainties, many of which are difficult to predict and include statements regarding our belief that our Plasma Pulse treatment will be among the highest value options for operators seeking injector well treatments, accelerating our sales efforts in this market and the continued positive results derived from use of our technology. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from those reflected in our forward-looking statements include, among others, our ability to establish our Plasma Pulse treatment as a high value option for operators seeking injector well treatments, accelerating our sales efforts in this market and the results derived from use of our technology, secure additional financings on attractive terms, to help fuel our growth and operations and the other factors described in our on Form 10-K for the year ended December 31, 2013, and any other filings we may make with the SEC. The information in this press release is provided only as of the date written, and we undertake no obligation to update any forward-looking statements contained in this press release on account of new information, future events, or otherwise, except as required by law.

HOUSTON, TX -- (Marketwired) -- 02/19/15 -- Propell Technologies Group (OTCQB: PROP) (the "Company") the U.S. provider of a plasma pulse based well treatment has closed the first tranche of a private financing with Ervington Investments Limited, whose ultimate beneficial owner is businessman Roman Abramovich.

The Company raised $5,000,000 from the sale of 1,525,424 shares of its Series C Preferred Stock ("Series C Preferred") at a purchase price of $3.277777778 per share. Ervington Investments also has an option to invest an additional $9,750,000 in the Company in consideration of the issuance of an additional 2,974,576 shares of Series C Preferred. Ervington has appointed Ivan Persiyanov, an Investment Director at asset management company Millhouse LLC, as its representative to serve as a director of the Company, holding two votes of the four board votes.

Uses of proceeds include securing new tools to expand sales, R&D to further improve the plasma pulse well treatment process and strengthen the patent portfolio, repayment of all debt and accounts payable, as well as working capital.

John Huemoeller II, the Company's President and CEO, commented: "The investment by Ervington is a strong endorsement of Propell's innovative approach and strategy to treat oil wells by a strategic global investor with a track history of enormous success. Ervington has demonstrated its ability to grow value of its portfolio companies and we're extremely pleased to be partnering with a group with world class value in terms of capital and strategic resources. This strategic investment should expedite our rollout plan, provide us with high level access to energy users and potential partners globally and provide the necessary funding to accomplish our goals."

"I am pleased to join the board of Propell, a company with promising technology I believe can make an impact in the oil industry," stated Ivan Persiyanov.

ABOUT PROPELL TECHNOLOGIES GROUP Propell Technologies Group, Inc. (http://www.propell.com/), through its wholly owned subsidiary Novas Energy USA, is the exclusive U.S licensee of the Plasma Pulse enhanced oil recovery (EOR) well treatment that improves well production cost effectively and without acidization, hydrofracking or other chemicals. It develops and commercializes treatment and stimulation of oil wells to meaningfully improve production and enhance the recovery of oil and gas in existing wells.

SAFE HARBOR

This press release includes forward-looking statements of our current expectations and projections about future events. In some cases forward-looking statements can be identified by terminology such as "may," "should," "potential," "continue," "expects," "anticipates," "intends," "plans," "believes," and similar expressions. These statements are based upon current beliefs, expectations and assumptions and are subject to a number of risks and uncertainties, many of which are difficult to predict and include statements regarding future financings, accelerating our commercial rollout, our growth and the potential for our technology. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from those reflected in our forward-looking statements include, among others, Ervington's decision whether or not to exercise their option, our ability to secure replacement financing on attractive terms, fuel our growth and the other factors described in our on Form 10-K for the year ended December 31, 2013, and any other filings we may make with the SEC. The information in this press release is provided only as of the date written, and we undertake no obligation to update any forward-looking statements contained in this press release on account of new information, future events, or otherwise, except as required by law.

John Huemoeller II, CEO of Propell Technologies Group (OTCQB:PROP), the U.S. provider of a plasma pulse based petroleum well treatment, has been advised by a major operator that it's 4th quarter 2014 well treatments produced a significant and sustained increase in injection capacity.

Propell was also advised by the customer of plans for further treatments in 2015.

Propell learned the results from reports from the customer documenting a significant and sustained increase in injection capacity weeks after being brought online.

“We’re pleased to have exceeded expectations for this important customer and I am proud of our team for gearing up to meet the stringent vendor requirements of major oil and gas operators,” commented Mr. Huemoeller.

ABOUT PROPELL TECHNOLOGIES GROUP Propell Technologies Group, Inc. (http://www.propell.com/), through its wholly owned subsidiary Novas Energy USA, is the exclusive U.S licensee of the Plasma Pulse enhanced oil recovery (EOR) well treatment that improves well production cost effectively and without acidization, hydrofracking or other chemicals. It develops and commercializes treatment and stimulation of oil wells to meaningfully improve production and enhance the recovery of oil and gas in existing wells.

SAFE HARBOR This press release includes forward-looking statements of our current expectations and projections about future events. In some cases forward-looking statements can be identified by terminology such as "may," "should," "potential," "continue," "expects," "anticipates," "intends," "plans," "believes," and similar expressions. These statements are based upon current beliefs, expectations and assumptions and are subject to a number of risks and uncertainties, many of which are difficult to predict and include statements regarding our belief that our Plasma Pulse treatment will be among the highest value options for operators seeking injector well treatments, accelerating our sales efforts in this market and the continued positive results derived from use of our technology. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from those reflected in our forward-looking statements include, among others, our ability to establish our Plasma Pulse treatment as a high value option for operators seeking injector well treatments, accelerating our sales efforts in this market and the results derived from use of our technology, secure additional financings on attractive terms, to help fuel our growth and operations and the other factors described in our on Form 10-K for the year ended December 31, 2013, and any other filings we may make with the SEC. The information in this press release is provided only as of the date written, and we undertake no obligation to update any forward-looking statements contained in this press release on account of new information, future events, or otherwise, except as required by law.

John Huemoeller II, CEO of Propell Technologies Group (OTCQB:PROP), the exclusive US licensee of a plasma pulse technology for enhanced oil recovery (EOR) will present at the New Orleans 2014 Investment Conference held in New Orleans, Louisiana, October 22-25.

Mr. Huemoeller will discuss with investors details of Propell’s plan to expand its sustainable oil well treatment business.

The New Orleans 2014 Investment Conference will also feature individual presentations by today's most popular authorities, newsletter editors and sector analysts, including Dr. Alan Greenspan, Charles Krauthammer and Marc Faber.

“I’m eager to continue our dialogue with existing investors and share the excitement of our growing Plasma Pulse well treatment business with new ones,” commented Mr. Huemoeller.

ABOUT PROPELL TECHNOLOGIES GROUP Propell Technologies Group, Inc. (http://www.propell.com/), through its wholly owned subsidiary Novas Energy USA, is the exclusive U.S licensee of the Plasma Pulse enhanced oil recovery (EOR) well treatment that improves production cost effectively and without acidization, hydrofracking or other chemicals. It develops and commercializes treatment and stimulation of oil wells to meaningfully improve production and enhance the recovery of oil and gas in existing wells.

SAFE HARBOR This press release includes forward-looking statements of our current expectations and projections about future events. In some cases forward-looking statements can be identified by terminology such as “may," “should," “potential," “continue," “expects," “anticipates," “intends," “plans," “believes," and similar expressions. These statements are based upon current beliefs, expectations and assumptions and are subject to a number of risks and uncertainties, many of which are difficult to predict and include statements regarding the results derived from use of our technology. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from those reflected in our forward-looking statements include, among others, the factors described in our on Form 10-K for the year ended December 31, 2013, and any other filings we may make with the SEC. The information in this press release is provided only as of the date written, and we undertake no obligation to update any forward-looking statements contained in this press release on account of new information, future events, or otherwise, except as required by law.

]]>Propell Technologies Delivers on Contracts for 6 Well Treatments in Californiahttps://ir.stockpr.com/pledgepcorp/news/detail/594/propell-technologies-delivers-on-contracts-for-6-well-treatments-in-california
Wed, 15 Oct 2014 08:33:00 -0400https://ir.stockpr.com/pledgepcorp/news/detail/594/propell-technologies-delivers-on-contracts-for-6-well-treatments-in-californiaNew U.S. Made Plasma Pulse Tool Put to the Test

HOUSTON, TX -- (Marketwired) -- 10/15/14 -- Propell Technologies Group (OTCQB: PROP), the exclusive U.S. licensee of a plasma pulse technology for enhanced oil recovery (EOR) announced it has treated six wells in California including one with the Company's new U.S. made, 3.5 inch tool.

The Company treated five wells in the Bakersfield area, two injectors and three producers, and one injector well in Los Angeles County.

Of the 2 remaining wells as discussed in last announcement, one was canceled by the operator for well integrity reasons. One more well remains to be treated and the company awaits scheduling from the operator.

Propell's Plasma Pulse technology is an easy to deploy wireline treatment designed to clear near wellbore damage due to skin damage, scale, migrating sands/fines or formation damage due to the invasion of fluids or drilling muds by unblocking the perforations and the near wellbore zone with electrically generated plasma impulses.

"While the operators continue to evaluate the wells, we are pleased with the revenue and our growing sales pipeline," commented John Huemoeller II, president and CEO. "The new tool was easy to operate and the treatments were delivered smoothly according to plan."

ABOUT PROPELL TECHNOLOGIES GROUP Propell Technologies Group, Inc. (http://www.propell.com/), through its wholly owned subsidiary Novas Energy USA, is the exclusive U.S licensee of the Plasma Pulse enhanced oil recovery (EOR) well treatment designed to improve production cost effectively and without acidization, hydrofracking or other chemicals. It develops and commercializes treatment and stimulation of oil wells to improve production and enhance the recovery of oil and gas in existing wells.

SAFE HARBOR This press release includes forward-looking statements of our current expectations and projections about future events. In some cases forward-looking statements can be identified by terminology such as "may," "should," "potential," "continue," "expects," "anticipates," "intends," "plans," "believes," and similar expressions. These statements are based upon current beliefs, expectations and assumptions and are subject to a number of risks and uncertainties, many of which are difficult to predict and include statements regarding our belief that our Plasma Pulse treatment will be among the highest value options for operators seeking injector well treatments, accelerating our sales efforts in this market and the results derived from use of our technology. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from those reflected in our forward-looking statements include, among others, our ability to establish our Plasma Pulse treatment as a high value option for operators seeking injector well treatments, accelerating our sales efforts in this market and the results derived from use of our technology, secure additional financings on attractive terms, to help fuel our growth and operations and the other factors described in our on Form 10-K for the year ended December 31, 2013, and any other filings we may make with the SEC. The information in this press release is provided only as of the date written, and we undertake no obligation to update any forward-looking statements contained in this press release on account of new information, future events, or otherwise, except as required by law.

Propell Technologies Group (OTCQB:PROP), the exclusive U.S. licensee of a plasma pulse technology for enhanced oil recovery (EOR) announced that it has treated its first injector wells in California.

The Company currently has a backlog of six additional producers and injector wells to treat in California for major operators over the next couple of weeks.

In general, oil field water injection systems, whether for disposal or for water flooding get plugged up or damaged at the perforated or injection intervals and in the near well bore zone, which limits and sometimes blocks fluid entry. Injection well treatment alternatives have historically included the use of acidization or chemical treatments, which are now being increasingly regulated and restricted with recently passed legislation in California that will require permitting for well chemical treatments.

Propell’s Plasma Pulse technology is an easy to deploy wireline intervention treatment that is designed to clear the near wellbore damage by opening up the perforations and near wellbore zone with electrically generated plasma impulses. With injection well treatments, success is measured by the volume of fluids injected into underground reservoirs. By clearing scale and sediments from the perforation zones in such wells, Plasma Pulse is designed to increase fluid uptake and reduce pressure required to inject fluids.

There are 151,000 Class II injection wells in the U.S. according to the EPA, which regulates injection wells in the U.S. and there are 42,000 in California. Propell believes such increasing restrictions will drive demand for Plasma Pulse treatments and make it a higher value option for well operators, especially in California.

“We were able to see a noticeable drop in fluid levels on these first injectors during treatment and believe our Plasma Pulse treatment will be among the highest value options for operators seeking injector well treatments,” commented John Huemoeller II, president and CEO. “Clearly the size of the injector well market segment alone, just in California provides the Company with a large market opportunity and we are accelerating our sales efforts in this market.”

ABOUT PROPELL TECHNOLOGIES GROUP Propell Technologies Group, Inc. (http://www.propell.com/), through its wholly owned subsidiary Novas Energy USA, is the exclusive U.S licensee of the Plasma Pulse enhanced oil recovery (EOR) well treatment that improves production cost effectively and without acidization, hydrofracking or other chemicals. It develops and commercializes treatment and stimulation of oil wells to meaningfully improve production and enhance the recovery of oil and gas in existing wells.

SAFE HARBOR This press release includes forward-looking statements of our current expectations and projections about future events. In some cases forward-looking statements can be identified by terminology such as “may," “should," “potential," “continue," “expects," “anticipates," “intends," “plans," “believes," and similar expressions. These statements are based upon current beliefs, expectations and assumptions and are subject to a number of risks and uncertainties, many of which are difficult to predict and include statements regarding our belief that our Plasma Pulse treatment will be among the highest value options for operators seeking injector well treatments, accelerating our sales efforts in this market and the results derived from use of our technology. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from those reflected in our forward-looking statements include, among others, our ability to establish our Plasma Pulse treatment as a high value option for operators seeking injector well treatments, accelerating our sales efforts in this market and the results derived from use of our technology, secure additional financings on attractive terms, to help fuel our growth and operations and the other factors described in our on Form 10-K for the year ended December 31, 2013, and any other filings we may make with the SEC. The information in this press release is provided only as of the date written, and we undertake no obligation to update any forward-looking statements contained in this press release on account of new information, future events, or otherwise, except as required by law.

Propell Technologies Group (OTCQB:PROP), the exclusive US licensee of a plasma pulse technology for enhanced oil recovery (EOR) unveiled its new corporate site last month and its subsidiary, Novas Energy site yesterday, August 20th.

The corporate site, http://www.propell.com incorporates numerous features to streamline browsing and create a more informative experience for the Company’s current and potential investors.

Major features of the new site include easily accessible investor presentations, stock data, real time news feeds and easily searchable archives of corporate materials and information.

It also includes a blog, blog.propell.com that provides commentary to investors on corporate and industry developments.

The new subsidiary site, http://www.novasenergy.com provides detailed technical information on the Company’s Plasma Pulse petroleum well stimulation treatment and has features which allow well operators to obtain a comprehensive assessment of the treatment’s potential for their specific wells. It also contains past well treatment results that demonstrate its capabilities.

“Part of Propell’s mission is presenting stakeholders the information they seek in the clearest and most organized way. As our official online portal, propell.com accurately reflects the excitement of what we have to offer to shareholders and to those with whom we do business,” commented John Huemoeller II, president and CEO.

“Furthermore, we expect that Novasenergy.com will be a central source of sales information for customers and will be a useful resource in our sales efforts,” he continued.

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ABOUT PROPELL TECHNOLOGIES GROUP Propell Technologies Group, Inc. (http://www.propell.com/), through its wholly owned subsidiary Novas Energy USA, is the exclusive U.S licensee of the Plasma Pulse enhanced oil recovery (EOR) well treatment that improves production cost effectively and without acidization, hydrofracking or other chemicals. It develops and commercializes treatment and stimulation of oil wells to meaningfully improve production and enhance the recovery of oil and gas in existing wells.

SAFE HARBOR This press release includes forward-looking statements of our current expectations and projections about future events. In some cases forward-looking statements can be identified by terminology such as “may," “should," “potential," “continue," “expects," “anticipates," “intends," “plans," “believes," and similar expressions. These statements are based upon current beliefs, expectations and assumptions and are subject to a number of risks and uncertainties, many of which are difficult to predict and include statements regarding the expectation that Novasenergy.com will be a central source of sales information. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from those reflected in our forward-looking statements include, among others, our ability to have the website perform the functions that we expect the other factors described in our on Form 10-K for the year ended December 31, 2012, and any other filings we may make with the SEC. The information in this press release is provided only as of the date written, and we undertake no obligation to update any forward-looking statements contained in this press release on account of new information, future events, or otherwise, except as required by law.